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China relieved US trade war is ‘on hold’; US business ambivalent

BEIJING: China on Monday praised a significant dialing back of trade tension with the United States, with the government saying agreement was in the interests of both countries while state media trumpeted what it saw as China’s refusal to surrender. The cooling of tension elicited mixed reactions from US business leaders dealing with China, with some happy to see the prospect of damaging tariffs fade, while others said it would be difficult for Washington to rebuild momentum to address what they see as troubling Chinese…